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      Question

      If a company limited by shares wants to reduce its

      capital, it needs to submit the application for this to which of the following external agencies, as per the Companies Act, 2013?
      A SEBI Correct Answer Incorrect Answer
      B Tribunal Correct Answer Incorrect Answer
      C Central Government Correct Answer Incorrect Answer
      D Registrar of Companies Correct Answer Incorrect Answer

      Solution

      Section 66 – Reduction of share capital states that Subject to confirmation by the Tribunal on an application by the company, a company limited by shares or limited by guarantee and having a share capital may, by a special resolution, reduce the share capital.

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